ABB, the leading power and automation technology group, announced today the acquisition of Epyon B.V., an early leader in electric vehicle charging infrastructure solutions focusing on direct current (DC) fast-charging stations and network charger software. The acquisition is in line with ABB’s strategy to expand its global offering of electric vehicle infrastructure solutions.
“This acquisition gives ABB access to competitive products, key network management software, and a robust maintenance service business model, which ideally complements our own offering,” said Ulrich Spiesshofer, head of ABB’s Discrete Automation and Motion division.
“ABB’s brand recognition and strong global presence will accelerate the growth of a combined Epyon – ABB offering, and provide access to key customers and partners,’’ said Hans Streng, Epyon’s CEO who led the company over the last year and who will stay as an experienced industrial leader of the combined business. “Epyon’s existing business is complemented by ABB’s strong power electronics platform, global manufacturing footprint as well as its supply, marketing and service network.”
The growing number of electric vehicles is driving a global market opportunity for charging solutions including supporting technologies to equip the electrical grid with more sophisticated monitoring systems and software. EV charging station unit sales are expected to multiply rapidly over the next five years, and reach 1.6 million units globally by 2015, according to Pike Research.